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Australian (ASX) Gold Industry Analysis
UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies153
- 7D-9.0%
- 3M19.9%
- 1Y90.2%
- YTDn/a
Over the last 7 days, the Gold industry has dropped 9.0%, driven by Northern Star Resources declining 7.5%. In contrast, Solstice Minerals has gained 157%. Over the past 12 months, the industry was up 90%. Earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 09 Feb 2026 | AU$167.5b | AU$26.3b | AU$4.6b | 28.6x | 36.8x | 6.4x |
| Wed, 07 Jan 2026 | AU$166.0b | AU$26.4b | AU$4.6b | 26.8x | 36.3x | 6.3x |
| Fri, 05 Dec 2025 | AU$149.7b | AU$26.4b | AU$4.6b | 25.2x | 32.8x | 5.7x |
| Sun, 02 Nov 2025 | AU$139.9b | AU$26.4b | AU$4.6b | 24.3x | 30.5x | 5.3x |
| Tue, 30 Sep 2025 | AU$138.0b | AU$26.3b | AU$4.7b | 19.2x | 29.5x | 5.2x |
| Thu, 28 Aug 2025 | AU$113.2b | AU$25.2b | AU$4.7b | 15.6x | 23.8x | 4.5x |
| Sat, 26 Jul 2025 | AU$97.8b | AU$22.2b | AU$3.1b | 17.2x | 31.7x | 4.4x |
| Mon, 23 Jun 2025 | AU$102.8b | AU$22.3b | AU$3.1b | 19.1x | 33.3x | 4.6x |
| Wed, 21 May 2025 | AU$96.3b | AU$22.4b | AU$3.1b | 19.6x | 31x | 4.3x |
| Fri, 18 Apr 2025 | AU$99.0b | AU$22.2b | AU$3.0b | 19.6x | 32.5x | 4.5x |
| Sun, 16 Mar 2025 | AU$82.1b | AU$22.2b | AU$3.0b | 19x | 27x | 3.7x |
| Tue, 11 Feb 2025 | AU$82.3b | AU$18.6b | AU$1.8b | 22.1x | 44.8x | 4.4x |
| Thu, 09 Jan 2025 | AU$72.6b | AU$18.7b | AU$1.8b | 20.8x | 39.9x | 3.9x |
| Sat, 07 Dec 2024 | AU$74.4b | AU$18.6b | AU$1.8b | 22x | 41.1x | 4x |
| Mon, 04 Nov 2024 | AU$77.5b | AU$18.5b | AU$1.8b | 23.6x | 43x | 4.2x |
| Wed, 02 Oct 2024 | AU$68.1b | AU$18.3b | AU$1.8b | 22x | 37x | 3.7x |
| Fri, 30 Aug 2024 | AU$64.4b | AU$17.9b | AU$1.6b | 20.5x | 40.4x | 3.6x |
| Sun, 28 Jul 2024 | AU$59.0b | AU$16.1b | AU$1.1b | 22.4x | 54.2x | 3.7x |
| Tue, 25 Jun 2024 | AU$56.2b | AU$16.1b | AU$1.1b | 20.1x | 51.8x | 3.5x |
| Thu, 23 May 2024 | AU$61.2b | AU$17.1b | AU$1.2b | 21.9x | 51.6x | 3.6x |
| Sat, 20 Apr 2024 | AU$60.0b | AU$17.2b | AU$1.2b | 23.5x | 49.8x | 3.5x |
| Mon, 18 Mar 2024 | AU$52.0b | AU$16.9b | AU$1.3b | 18.2x | 40.1x | 3.1x |
| Wed, 14 Feb 2024 | AU$49.0b | AU$15.3b | AU$279.2m | 23.3x | 175.5x | 3.2x |
| Fri, 12 Jan 2024 | AU$73.6b | AU$22.9b | AU$1.3b | 23.5x | 54.7x | 3.2x |
| Sun, 10 Dec 2023 | AU$74.3b | AU$22.9b | AU$1.4b | 22.2x | 55x | 3.2x |
| Tue, 07 Nov 2023 | AU$71.3b | AU$22.8b | AU$1.3b | 22.8x | 53.3x | 3.1x |
| Thu, 05 Oct 2023 | AU$66.2b | AU$23.1b | AU$1.4b | 21.3x | 48.3x | 2.9x |
| Sat, 02 Sep 2023 | AU$70.2b | AU$22.8b | AU$1.5b | 19.1x | 48x | 3.1x |
| Mon, 31 Jul 2023 | AU$69.9b | AU$22.3b | AU$551.9m | 18.1x | 126.6x | 3.1x |
| Wed, 28 Jun 2023 | AU$68.8b | AU$22.3b | AU$551.5m | 17x | 124.8x | 3.1x |
| Fri, 26 May 2023 | AU$71.4b | AU$22.4b | AU$598.4m | 18.8x | 119.4x | 3.2x |
| Sun, 23 Apr 2023 | AU$76.1b | AU$22.3b | AU$571.2m | 18.4x | 133.2x | 3.4x |
| Tue, 21 Mar 2023 | AU$67.2b | AU$22.3b | AU$574.1m | 15.6x | 117.1x | 3x |
| Thu, 16 Feb 2023 | AU$64.8b | AU$20.8b | AU$1.2b | 18.6x | 56x | 3.1x |
Price to Earnings Ratio
56x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 36.8x which is lower than its 3-year average PE of 62.0x.
- The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 58% per year over the last three years.
- Revenues for these companies have grown 8.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | -2.49% | |
| Materials | -5.32% | |
| Metals and Mining | -5.46% | |
| Gold | -8.97% | |
| Steel | -0.95% | |
| Diversified Metals and Mining | -4.76% | |
| Aluminum | -6.27% | |
| Copper | -8.08% | |
| Precious Metals and Minerals | -9.35% | |
| Silver | -21.10% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SLS Solstice Minerals | AU$1.17 | 157.1% +AU$82.1m | 550.0% | PB6.6x | |
| PC2 PC Gold | AU$0.72 | 24.1% +AU$38.4m | n/a | PB19.9x | |
| AAR Astral Resources | AU$0.27 | 8.2% +AU$36.0m | 96.3% | PB5.5x | |
| TM1 Terra Metals | AU$0.35 | 10.9% +AU$27.7m | 1,083.3% | PB37.4x | |
| FXG Felix Gold | AU$0.35 | 9.4% +AU$14.8m | 159.3% | PB4.4x |